BAKU, Azerbaijan, November 16. Sunrise solar power plant project in Azerbaijan’s Jabrayil district is steadily progressing towards its final investment decision, Bakhtiyar Aslanbayli, bp Vice President for the Caspian region, Communications and External Affairs said in an exclusive interview with Trend.
“Sunrise is a 240-megawatt solar plant project to be built in Jabrayil. But it is not a typical solar project, as it is expected to be linked to another project which will support the decarbonization of our operations. This is expected to be achieved by a pilot commercial structure of Virtual Power Transfer arrangement – an approach agreed with the Ministry of Energy that will allow us to offtake the electricity generated in Jabrayil to run our current operations through a virtual power transfer," said bp's vice-president.
He noted that bp is currently working with the government, SOCAR and other partners to finalise the outstanding technical and commercial issues related to the project.
"In 2023, we conducted field surveys for constructing the solar plant in Jabrayil and we also signed an Accession Agreement with SOCAR and the Azerbaijan Investment Company (AIC) on the Shafag (Sunrise) project. The document specifies SOCAR’s and AIC’s intention to enter the project. This shows that the project is steadily progressing towards its final investment decision," added Aslanbayli.
Regarding the newly established 'Shafaq (Jabrayil) Solar Limited' company, he said that this is a legal entity formed to own and manage the Sunrise project.
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